About your Search

20121224
20121224
STATION
CSPAN 7
FBC 5
MSNBCW 5
WMAR (ABC) 3
CNBC 2
KPIX (CBS) 2
KRON (MyNetworkTV) 1
KTVU (FOX) 1
SFGTV 1
WBAL (NBC) 1
LANGUAGE
English 31
Search Results 0 to 30 of about 31 (some duplicates have been removed)
than what people are getting -- >> on social security. that's nothing to did with the deficit. >> but the fact that all of these things need to believe in the grand bargain, sort to speak -- >> they do not. social security shouldn't even be on the table because it is nothing to do with the deficit. doesn't contribute to the deficit. and we're talking about the deficit. why should social security be discussed in that context? >> completely off the table? >> absolutely. absolutely. and that was the -- and that was our position during the campaign. social security has nothing to do with the deficit. does not contribute to it. walled off from it. its own trust fund with $2.7 trillion in it at the moment. and the american people by huge majorities say we shouldn't be cutting social security or for that matter medicare benefits. you can cut medicare in ways you don't cut benefits and the hypocrisy of republicans that said that democrats are terrible because they took $716 billion from medicare for obama care and what do we want to do? pocket the cuts and add more. our chief demand i
. the deficit of about $1 trillion that is for fiscal 2013. that assumes that somehow the fiscal cliff doesn't happen and we don't reduce the deficit by $600 billion. national debt, about $16 billion , debt held by the public -- as a percentage it is getting up there. we've had it before. as we talked about two weeks ago it is not so much that the size of the debt it is how fast the debt is growing in comparison to the size of the economy. you don't want to pay off the debt but you want it to fall. host: how did we get to this point? why is the government spending so much and under this president, we've seen the debt go up $1 trillion each year over the last four years. where is it going? guest: there are two main ways to look at it. right now, we're still coming out of this economic crisis. so you have large debts for four years mainly because you have low revenues as people don't have jobs or they are getting paid less. then there has been extra spending programs over the last four years but also, we have this mandatory spending programs that grow on auto pilot. over the last four years th
. >> what is out of touch is deficit that we had to deal with. that is what we have had to do. the same time as cutting taxes for the poorest in our country, increasing child tax credit, and ashley freezing the casual tax -- actually freezing the tax to help the families. when it comes to the top rating -- the richest in our country will pay more in tax under every year of this government than any year of his government. those are the facts. he may not like them, but he cannot deny them. >> ed miliband. >> the problem is, nobody believes him anymore. and we know who this prime minister stands up for. where was he last weekend -- back to his old ways, partying with rebecca brooks. no doubt both looking forward to the boxing day hunt, mr. speaker. that is before he was elected -- he can represent everyone in your country, you cannot be a one-nation party. that was then. this is now. everybody knows you cannot be a one-nation prime minister. >> mr. speaker, it would not be christmas without the repeats. that is all we ever get. that is all we ever get from the honorable gentleman. done this yea
. i heard one of your previous news segments saying oh this is going to reduce the deficit by a trillion dollars. it's not going to come anywhere near reducing the deficit by a trillion dollars. if you do this tax increase on the rich, you maybe raise 40 billion dollars a year. that's not nothing, but 40 billion dollars over a year over ten years that's 400 billion. we're running a trillion dollars deficit. this is not a solution and not serious. that's why it always comes back to dealing with the spending side of the aisle because that's where the deficits come from. dagen: last thing, steve, what about the fate of house speaker john boehner because there's a lot more at play than just raising taxes on people who make more than a million dollars with what we saw happen last week? >> yeah, you know, i have always been a fan of john boehner's. i've known him for 20 years. i think he's a strong conservative. he's got a bit of a conservative revolt on his hands dagen. any time you have a high-profile issue like this and you are about to bring to it the floor and you have a rev
and services among consumers, they are chronically bad at creating a surplus between deficit regions. remember -- if that comes first, suddenly the money lender who later becomes a banker who later becomes wall street plays a hugely significant role in this process. the banker is the conduct of that -- conduit of that recycling mechanism. when they get an increase in proportion as the result of their mediation of that process. the banker is the same thing as a clothes maker. suddenly, there are two things that must have been. 1 -- society will demand that banks are not allowed to go to the wall. then bankers are affectively blanche, free money for themselves. and the whole mechanism breaks down in 2008. in the eurozone, we made a huge error in europe of binding together these economies. this is not the first time these things that happened. it happened in the united states of america. you have disparate economies in the united states of america that are bound together monetarily. what is it that keeps the united states together? you had a great expression in the 1930 -- you had a great depress
projecting a 263 million dollar deficit for that two year period and that shortfall results from approximately 344 million dollars in known cost increases which is offset by 81 million dollars in estimated revenue growth over the same period. as always, this gap will have to be closed by the time the mayor submits his report, general funding departments reduced our budget, our general fund support by 3% over the next two fiscal years and they've asked us to make a 1 and a half percent cut in 13-14 and a 1 and a half percent cost in 14-15, the budget reduction targets that we received from the mayor's budget office are 465 thousand dollar reduction next year and a 558 thousand dollar reduction the next year, so in the scope of the budget reduction that they have received over the last three or four years, this is eminently manageable. two years ago, we were asked to make a 20% budget cut, so this is something that feels like we can accomplish hopefully with relatively little pain. we would hope to meet this 3% target as well as any cost increases in our budget through revenue, a
on both growth and deficit reduction. >> the president's solution of raising tax rates would be red ink as far as the eye can see. and it would hurt jobs. >> if congress fails to reach any agreement in con-- income tax rates will go up on about everybody on january 1st. unemployment benefits will expire for many as well. >>> the u.s. senator arrested for driving under the influence says he is "deeply sorry" for what happened. police say that michael crapo was pulled over early sunday in dc for running a red light. he he was arrested after failing a sobriety test. he has been released on bond and he is a mormon from idaho and has said in past interviews he abstains tans from drinking because it's prohibit -- from drinking abtans interest -- abstains from drinking alcohol because it's prohibited by the church. >>> bolt a man has been -- a man is 36-year-old gregory stegall and a officer was on patrol when he noticed a suspicious man behind the shell. he asked the man to come out from behind the business and he refused and police say he threatened the officer with a knife. the man was shot
for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would be redink as far as the eye could see and it would hurt jobs. >> president obama says that he will cut his holiday vacation short and try to hammer out the deal with congress. law makers are expected to return to washington later on this week to continue the negotiations. >>> well it's christmas eve and guess what, not everybody has done their christmas shopping. as i am suspecting you are the ones guilty of this. our floor director here a woman, she says she has not finished either. so if you are one of those procrastinators, you are not alone. millions of people are expected to hit the stores. abc2 news linda so is live this morning at the mall in columbia with those last-minute shoppers. i can't believe so many people wait so long linda. >> reporter: i know. i guess it's exciting for them. i don't get it i was done on black friday and i am not bragging but again some people like to shop under pressure. you know macy's and the
with a stake in order to get something substantial accomplished in terms of long-term budget deficit reduction. lou: i can tell you, your metaphor, it pro the is welcomed that nearly every year or in the country right now because the idea of being these politicians with something right now is compelling. i mean, this is really getting stupid. >> it's like spare the market, spoil the policymakers. lou: as we look at these numbers that are coming in, you were watching, as we have talked for some time. the bernanke bubble is rising. now, it's getting rather potent and driving this market. are we now seeing that shift, we are talking about over four and a half billion shares today, above the average all week. it looks like we're starting to see a real turn to equities. are we? >> that could be the case. if you believe money market rates will stay close to 0% until the middle of 2015 and ten year treasurys will climb above 2% anytime soon. it makes a great deal of sense. >> i agree. it is going to happen, and he has his paddle to the metal. he is not a point change. lou: he being ben bernanke, pres
of the bowles mpson deficit commission and voted for the final report. that proposed almost $3 trillion in spending cuts. president obama's last offer the one that the republicans rejected was less than $1 trillion in spending cuts. we checked. that would be less than 2% of the $44 trillion the government will spend over the next decade. again, is that the best democrats can do? 2% of all of the spending over the next decade? >> you know, this conversation to me is exactly what is wrong in washington. i mean just listen to the conversation you have is just had. it is he said, she said, blame the other guy. look, i tried to be constructive here and lay out an actual plan to get us nearly $4 trillion by taking the offers that are on the table. speaker boehner and the president were so close and then speaker boehner went off on plan b. i never understood why. had no prospect of succeeding. it did not succeed even in his own caucus. now, the question. >> chris: but you are not answering my question. >> because i tell you something because we only have nine days left here. when are we going
% chance its program will be insolvent in less than 20 years. meanwhile, its total deficit continues to grow and now stands at $34.4 billion. maintaining the status quo is no longer possible. governing -- they will expire in two years, meaning congress has an important opportunity to study the system, assessed its strengths and weaknesses, and produce solutions to support workers without discouraging participation in the voluntary pension system. we need the fact as quickly as possible. unfortunately, the administration has a history of slowing the work of this committee. it took nearly nine months to get answers to questions submitted by members of the committee, both republican and democrat, after a hearing in february. only now are we able to complete the hearing record. i am also troubled by missing reports that were due last year. these provided important details on multi employer pensions, including the sufficiency of current premium levels and the impact of funding rules on small employers. the law requires the pbgc to finish these reports by the end of last year, and that we'
the groundwork for further work on both growth and deficit reduction. >> the president's solution of raises tax rates would be red ink for as far as the eye can see. and it would hurt jobs. >> reporter: the partisan bickering put the country on the brink of a potential economic crisis. long time lawmakers dismayed. >> it's the first too many i feel it's more likely we will go over the cliff than not and that if we allow that to happen, it will be the most colossal consequential africa congressional irresponsibility in a long time. >> reporter: president obama is in hawaii for christmas and says he will cut vacation short to try to hammer out a deal with congress. the deadline is now a week away. andrew spencer reporting. >>> as we gather with our loved ones on christmas eve we are reminded the holidays for familiesin newtown connecticut will be somber. people came together to make snowflake decorations for the survivors of the sandy hook shooting. they say they wanted to do something to help make the town beautiful again and turn it into a winter wonderland instead of a place filled with so muc
of the iceberg. we're still dealing with trillion dollars deficit. your earlier guests pointed out we have yet to come up with 2013 budget. which is projected by the democrats. this is really a challenge for fiscal concerns and what will be in the marketplace. ashley: what is your advice, what is the best way to play this? >> three things are imperative, let's start with the non-gold plate, very underappreciated allocations come into 2013. i think you may have some opportunities to buy things on the cheap in 22013 and 2014. i would allocate to the minors who have woefully underperformed embarrassingly underperformed. at 30-year lows relative to gold, so they get bit of catch-up if we do see the 2000 mark, you're going to see shares interested in that space, bringing out gold and silver do very well in that context. ashley: why is it they have lagged behind, what is the reason? >> the substitute from the exchange traded funds have captured a huge amount of interest and you are not taking accounting risk, you're not taking nationalization risk for all the risks that go into regular company or so
in 2011 towards a deficit reduction deal that congress never adopt asked a warning about a potential new threat from north korea o. fishls saying the north's new missles can now reach the u.s. mainland saying they discovered evidence of this after the north carried out a banned missle test earlier this month. the question is has north korea mastered reentry technology? now back to "fox files". >>> we are here in grand central terminal in new york city. every day, 700,000 people pass through here which means that superdogs like holland have a very important job to do especially in a post 9/11 world. here is what it takes to become a four legged hero he. ♪ ♪ >> before they could do this, they all start out like this. fox files cameras got a first-hand look at the department of defense military working dog program at lackland air force base where puppies learn to become warriors. spread across nearly 9,000-acres in san antonio, texas, the base is home to the 341st training squadron. >> the purpose is to procure, train and produce handlers and dogs. >> casey stevens is chief of the dog t
americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal consequential act of irresponsible in a long time --er responsibility. >> reporter: president obama is in hawaii. he says he will cut his vacation short to try to hammer out a deal. the deadline a week away. >> if congress does not get anything done, then taxes will most likely go up for everyone. just about everyone on january 1st. unemployment benefits will also expire for many people. >>> international envoy working to end syria's civil war worries won't be able to help. one man said bashar assad discussed possible steps forward but has made little progress because both sides seem to be more interested in fighting. >>> authorities in india used violence to stop a week of rape protests. armed police beat police with stick
and deficit reduction. >> the president's -- it would hurt jobs. >> reporter: the partisan bickering has put the country on the brink of a potential economic crisis. some long-time lawmakers dismid- by the perpetual gridlock. >> the first time i feel it's more likely we will go over the cliff than not; and if we allow that to happen, it will be the most colossal consequential act of irresponsibility. >> reporter: president obama says he'll cut his vacation short to hammer out a deal with congress. the deadline now a week away. i'm andrew spencer reporting. >>> if congress face to reach the agreement income tax rates will go up on just about everyone on new year's day. unemployment benefits will expire for many as well. you may not feel the pinch right away. already too late for employers to accurately who would income taxes from those january paychecks. the social security payroll taxes are set to increase on january the 1st. you will see an immediate cut in your take-home pay. >>> the senator from idaho is apologizing for being arrested over the weekend. senator michael crepo was charged w
and deficit reduction. >> the president's solution of raising tax rates would still be ready as far as the eye can see and hurt jobs. >> president obama said he will cut his hawaiian vacation short to hammer out a deal with congress with the deadline a short week away. >>> 5:18 now. >>> the nra is adamant about its idea of placing armed guards in the nation's schools. >> this comes as diane fine stein promises to introduce new gun control legislation in the new year. the head of the nra put the game on violent video games and problems with the mental health system insisting another assault weapons ban is not the answer. >> it doesn't work. diane fine stein had her ban, and columbine occurred. >> hundreds of protests yesterday. >>> amid the debate over gun controls and restrictions, bay area ranges are seeing a sharp increase in the number of people who want firearms training. cbs 5 reporter donlin shows us who is seeing up for the shooting lessons. >> reporter: lynn suwannee fired a gun for the first time in her life. >> safety. my arms are tired. >> reporter: before pulling the trigger, she
million americans, protect middle america the middle income americans and also work on deficit reduction. >> the president solution would still leave red ink as far as the eye could see. and difficult for jobs. >> this is it difficult for the brink of perpetual gridlock. >> this is likely that we will go over the fiscal cliff and not and if we allow that to happen. would be the most concord consequential, terrible act of gridlock. >> president obama is in hawaii but could possibly cut his vacation short to hammer out a deal. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce the number of paid sick days for nurses and technicians, while eliminating health care coverage for those who work fewer than 30 hours a week. >> analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday we
of the deficit? bring all 3 million of that one weapon back in, let the government, county, state and federal, pay you to take them back. you do don't need them. >>> we have to leave it there. thank you for your time. >>> speaker boehner has said it's up to the senate and the president to come up with a fiscal deal, but as some point out, he'll have to push a bill through the house. given last week's events it won't be easy. "the washington post" columnist e.j. dionne says that may be the silver lining, writing, quote -- now at least we know something important. the current rep majority cannot govern, only a coalition across party lines can get the public's business done. e.j. joins us now, a senior fellow with the brookings institution and an msnbc contributor. e.j., great to see you, as always. john boehner sits to the left of center of his caucus. can he work out a deal without inciting a full-scale revolt? >> well, we don't know that, but i think he'll have to test it. that really tells you something about how conservative the republican caucus has done. john boehner is a good conservativ
for deficit reduction in the future. i think you will see president obama cut his vacation short, and continue to play a role in those negotiations. richard. >>> kristin, over the weekend, he attended the funeral for the late senator inouye, who he has called an inspiration to him. what did you see in that service? >> well, more than 20 members of congress attended, mostly democrats, majority leader harry reid spoke and praised senator inouye for his partisan spirit, reaching across the aisle. of course in an earlier memorial service, the president called the late senator his earlier inspiration, on a a lot of members of congress came together to pay their respects. >> thank you, kristin. >>> if congress and the president fail to reach a deal, the impact is as unlikely as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could
deficit situation. so i don't think this is political at all. the politics ended on election day. the president made his case, he made it very clearly. there is no doubt as to what was at stake in that election and the president was elected overwhelm lig. so the politics are over. now we're trying to govern the country and i think that's, at least in the house. >> congressman, i got to speak with you twice over the last several days. i appreciate your time. >> you, too. >> this video just in from the scene of a fire in the rochester, new york area. it's reported two firefighters were shot after responding to a large fire at 6:00 this morning. they encountered gun fire as they were getting out to the fire and immediately retreated. one firefighter was shot in the buttocks and is reported to be in satisfactory condition. it's believed that three houses and one vehicle are involved in that fire. residents in the area have been asked to stay in their homes away from windows and doors. we'll keep you up to date on that story. >> over the river and through the woods, no matter how you'
worse of a deficit. >> if you start to cut spending you're going to cut jobs. if you raise taxes you're going to cut jobs. at some point we've got to say we're going to do what's best for the long-term picture and either way we're going to take a short-term hit for longer term, more-- >>, but you could do it with less pain than what congress is about to deliver. >> you can put in spending cuts that the markets will appreciate in a long-term plan, as opposed to-- >> it's not about the market. david: bottom line, what we need are jobs and growth and tax increases are not the way to get there. gang, thank you very much. well, coal imports in china were up almost 30% as the price of coal continues to plummet. the iea says that china will be number one in coal consumption after the chinese government said they would use more renewable energy, but coal will account for about 70% for the country's energy for the next five years. joining us now is rob deans, how can they get away with this under the kyoto protocol? >> david, there's inescapebly keynesian you and i talking about goal on chris
that would have addressed tax reform as well as deficit reduction. those talks, of course, fell apart. house speaker john boehner tried to get an alternative plan through the house. that didn't work out. now the focus shifts to the senate. senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's trav
that he is very interested in deficit reduction and very interested in serious spending cuts. none of whichever materialize. but the class warfare rhetoric is always still there. he is always interested in raising taxes to feed his ever-growing and every ravenous beast of the government. here we are again. when i talk about this is no way to run a superpower, what i mean by that, every single time we get to the press miss and every single time our leaders wait until the exact last minute, i mean one thing to wait for it the last minute to buy christmas gifts for tomorrow. i see plenty of people running around new york city trying to buy gifts. another thing for the president and congress to wait until the last minute on fiscal issues that affect every american, gregg and our long-term fiscal health. gregg: are you saying the president is disingenuous and duplicitous which would be novel in politics? >> and certainly in washington, d.c.. all we have to go on is the president's pattern of behavior. over the last four years it has been the same drill every single time. the republicans
, whether the deficit, people think about things the government can do to try to improve the job situation. and, fundamentally the concerns people have right now have to do with the fairness of the political system and the fairness of the economic system. that is the realm in which i think obama had an upper hand and played that. mitt romney making statements about 47% helped him in that regard it is not about class resentment. it is not middle income class and lower income resent middle- class people but the to the system as unfair. that the way benefits are distributed is unfair, and they want to see a system move in the direction of fairness. i think that theme played very well to obama and helped to overcome the headwinds he faced in that respect. but if it is there in a review of the election. then what i would like to do is open it up to more of a conversation and more of a question and answer. there are a lot of other things we steady besides voting and what voters decided. we study technology and how it is changing the way people engaged with campaigns. we study a lot about survey
it to getting a deal, which included tax reform and deficit reduction. the talks fell aaparpaapart. >> how we get there god only knows. >> speaker boehner tried to pass an alternative bill that allowed tax rates to rise on those making a million dollars or more. >> they weren't taking that out on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> reporter: before jetting off to hawaii, president obama was prepared to accept a smaller deal as long as it prevented taxes from going up on middle class americans and extended unemployment insurance. >> i expect democrats and republicans to get back to washington and have it pass both chambers, and i will immediately sign that legislation into law before january 1st of next year. >> reporter: but americans say the uncertainty in washington is casting a cloud over their holidays. >> they are responsible for the well-being of all americans, and right now they're more woern wored about politics. >> i would tell them to get off their butts, because most of us aren't making six-figure incomes and we need every
are tough questions to answer. my priority is always education and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin roosevelt to not want to be called a socialist. if we just lived in those caps, we would delay -- i can remember the exact numbers. for several decades, anyway. i think that would be less painful than raising the qualified age. medicare is the toughest because of health care costs have been skyrocketing. our country's health care cost is rising faster than any other industrial nation. we don't have much coronation. obamacare had to be cobbled together to appease everybody. we have it and we should be focusing on ways to make our health care more efficient and i think we will. these are all tough problems but they need to be handled. being president is like playing three-dimensional chess. maybe four dimensions. caller: thank you, c-span. is the last year, didn't the president give over $1 tri
of fiscal sustainability just isn't right. we can't run trillion dollar deficits for a year and expect to get away with that long term. so i think there is a trade-off here in terms of some penalty to growth next year. longer term there are benefits though and going into the year i think you just have to have maybe a little cash in the portfolio but be looking to put money to work in companies that are going to survive, good balance sheets and consistent profitability. stocks are cheap relative to bonds so i don't want to get too defensive here. >> you were with us at the top of the hour and made clear you were on hold until you see something about a fiscal cliff resolution of some kind. is there nothing you would buy between now and the end of the year? >> nothing. maybe some inverse etfs, bill, quite honestly. i want to see not just fiscal cliff resolution but i want to see q 1 earnings. i'm sorry. q 4 earnings. last quarter's earnings were not all that exciting. we really saw the european effect take hold in a lot of these companies really laboring and a lot have bounced back. i thi
need to do, we can run a 2% deficit. we need to get back to "x" amount of revenue, and "y" amount of government spending. and most people say somewhere between like 18 revenue, 20 spending, maybe 19 revenue, 21 pending. given what the democrats and the white house are offering on the spending cuts, do you feel that maybe they're thinking they want to keep it at 23, 22, 24? we're not seeing anything that gets us anywhere near 20 or 21 in terms of the offers we're seeing from them. are we? >> no. no. i mean, this would be like, you know, in 1969, we landed the first man on the moon. but it would have never happened if -- the only thing they worried about was exactly how the, you know, the lunar module was going to land, but not how they were going to leave the atmosphere of the earth. you can't worry about the little details on these tax issues. as much as the winners of the election want to punish the rich, because i can't think of any other reason that we dwell so much on that side of it, the rest of it, what did i read? senator corker was telling me before we went on air, and i w
Search Results 0 to 30 of about 31 (some duplicates have been removed)